FP Markets Review 2026

FP Markets is a forex and CFD broker founded in Sydney in 2005. The group offers leveraged trading across forex, shares, indices, metals, commodities, bonds, ETFs and digital-currency CFDs, with the exact product set depending on the legal entity and platform. Its current global site advertises more than 10,000 financial instruments and 70+ forex pairs.

The brand operates through several legal entities rather than one worldwide licence. The group disclosures include First Prudential Markets Pty Ltd in Australia under ASIC AFSL 286354, First Prudential Markets Ltd in Cyprus under CySEC licence 371/18, FP Markets (Pty) Ltd in South Africa under FSCA FSP 50926, and First Prudential Markets Limited in Seychelles under FSA licence SD130. Some regional sites are operated by FP Markets Ltd, a Saint Lucia-registered company. That entity-level distinction is important because leverage, products, complaints routes and client protections can differ materially by country.

FP Markets' strongest features are its long operating history, multiple regulated entities, competitive Raw-account pricing and unusually broad platform choice. The Raw account starts from 0.0 pips and the current global account page lists a US$3 commission per standard lot per side; the Standard account starts from 1.0 pip with no separate forex commission. The broker supports MT4, MT5, cTrader and TradingView, while Iress is available for exchange-style/DMA share trading in relevant jurisdictions.

The product range is also a strength: FP Markets advertises 10,000+ instruments and 70+ currency pairs, plus CFDs on shares, metals, indices, commodities, bonds, ETFs and digital currencies. Automated trading, EAs, scalping, VPS access, MAM/PAMM and social/copy trading are supported in suitable accounts. The main qualification is that not every platform, instrument or leverage level is available through every FP Markets entity.

The main drawback is jurisdiction complexity. An Australian retail client receives ASIC product-intervention protections and maximum leverage of 1:30 on major forex, while an offshore/global account may advertise leverage up to 1:500. Some regional websites are operated by a Saint Lucia-registered company rather than an entity carrying an ASIC, CySEC or FSCA licence. A prospective client therefore needs to identify the exact contracting entity before judging safety.

Costs also vary by account and entity. Raw pricing adds a per-lot commission, overnight positions can incur swap/financing charges, and exchange/DMA products can have platform, data or brokerage costs. The June 2026 Saint Lucia client agreement also provides for a US$10 monthly inactivity fee after 90 days of qualifying inactivity when the account has available funds; this contrasts with the Australian FAQ, which says Australian accounts have no inactivity or dormancy fee. FP Markets is therefore not a broker where one global fee table can safely be applied to every customer.

FP Markets promotions are regional and should be confirmed on the official FP Markets site for the exact legal entity before funding. The more durable value areas are low-spread account pricing, platform choice, copy/social tools and MAM/PAMM availability.

Ignore old bonus screenshots or Telegram offers. FP Markets’ real comparison points are regulation, execution, platforms, spreads, commissions and withdrawal handling.

The 2026 highlights are more than 20 years of operating history, a 10,000+ instrument range, 70+ forex pairs, Raw spreads from 0.0 pips, and support for MT4, MT5, cTrader and TradingView. FP Markets also supports automated trading and professional money-management tools, making its platform stack stronger than many brokers that rely on one proprietary terminal.

Current August 2026 spread data is useful rather than purely promotional: FP Markets reports an average EUR/USD spread of 1.28 pips on Standard and 0.18 pips on Raw, with a 0.0-pip minimum on Raw; AUD/USD averages 1.48 pips Standard and 0.38 Raw. In July 2026 FP Markets also announced that it had won the Global UF Awards 2026 'Most Trusted Broker' award. Awards do not determine our safety score, but they are relevant supporting evidence of market reputation.

FP Markets was founded in Sydney, Australia, in 2005. The business began as an Australian forex and CFD broker and has since expanded into a multi-entity international group serving clients through regulated and registered companies in several jurisdictions.

By 2025 the company was publicly marking its 20th anniversary, and its current materials describe more than 20 years of industry experience. Its evolution has included the addition of MT5, cTrader, TradingView, Iress/DMA products, social trading and MAM/PAMM services, while the legal structure expanded beyond the original Australian ASIC entity. The original Sydney roots remain relevant, but a present-day FP Markets customer should not assume that an Australian company is necessarily the contracting entity.

Yes. FP Markets is a legitimate established broker, and multiple regulatory records corroborate the group identity. CySEC currently lists First Prudential Markets Ltd under licence 371/18 and identifies fpmarkets.eu and fpmarkets.com/eu as approved domains. South Africa's FSCA has explicitly described FP Markets (Pty) Ltd, FSP 50926, as a legitimate Financial Services Provider when warning the public about an impersonator. The group also discloses Australian AFSL 286354 and Seychelles FSA licence SD130.

The qualification is that 'FP Markets' is a brand, not one legal entity. Trust is highest when a client is contracted to a strongly supervised entity such as the ASIC or CySEC company and lower where the account sits under a registration-only offshore company. Always match the company name and licence in the account agreement to the regulator's own register, and beware of people using the FP Markets name through WhatsApp, Telegram or unrelated domains.

Yes. FP Markets is a multi-entity regulated broker group and the applicable licence depends on the legal entity serving the client. The complete current brokerage-regulator set preserved after this revalidation is: First Prudential Markets Pty Ltd — Australian Securities and Investments Commission (ASIC), AFSL 286354; First Prudential Markets Ltd — Cyprus Securities and Exchange Commission (CySEC), licence 371/18; FP Markets (Pty) Ltd — South Africa Financial Sector Conduct Authority (FSCA), FSP 50926; First Prudential Markets Limited — Seychelles Financial Services Authority (FSA), licence SD130; FP Markets Ltd — Mauritius Financial Services Commission (FSC), Investment Dealer licence GB21026264; FP Markets Limited — Kenya Capital Markets Authority (CMA), online foreign-exchange broker licence 193; and First Prudential Markets (Global) Ltd — Securities Commission of The Bahamas (SCB), currently listed for dealing/arranging in capital-market instruments and CFD trading.

Fresh regulator checks on 15 September 2026 directly reconfirm CySEC 371/18, Kenya CMA 193 and the Bahamas SIA/CFD relationship. Current FP Markets first-party pages also continue to identify AFSL 286354, FSCA 50926 and Seychelles SD130. The Mauritius GB21026264 relationship was previously verified and is retained because no authoritative evidence of withdrawal or cessation was found; an omission from a shorter group-marketing page is not treated as proof that a licence ended.

Corporate and payment entities are kept separate from investment regulation. FP Markets Ltd in Saint Lucia (registration 2025-00853) is a corporate/website-operator registration rather than a brokerage licence. Legacy FP Markets LLC in Saint Vincent and the Grenadines (126 LLC 2019) remains historical registration-only context. Cyprus companies Bivalto Ltd (HE 442382) and Tominus Ltd (HE 480296) are not promoted to forex-broker licences without investment-authorisation evidence.

Client protections remain entity-specific. The Australian and CySEC routes disclose segregation and retail safeguards, and eligible clients of the CySEC entity may fall under the Cyprus Investor Compensation Fund. Those protections must not be transferred to another FP Markets entity merely because the same brand is used.

Belgium is separately fail-closed. No explicit Belgium-directed account route was verified, and a CySEC licence or generic regional website does not prove Belgian retail-product availability. The Belgian FSMA prohibits consumer distribution through electronic platforms of leveraged OTC CFDs and rolling-spot forex, so the Belgian Open Account CTA remains disabled. Cash equities, ETFs, listed options or listed futures remain unknown for Belgium unless an explicit eligible route is verified.

Yes. FP Markets has recent published awards and recognitions.

Awards support FP Markets’ reputation, but visitors should still verify which entity holds the account, what compensation scheme applies and what the all-in spread/commission cost is.

FP Markets is primarily a forex and CFD broker. For MT4, MT5, cTrader and TradingView accounts it describes its execution as ECN pricing: prices are aggregated from multiple liquidity providers and the best available pricing is passed into the trading environment. The global FAQ says there is a trade desk monitoring risk and exposure, but no dealing-desk intervention or requotes on Raw pricing.

For Iress and Mottai in Australia, FP Markets describes the model differently as DMA (Direct Market Access), where orders interact with the exchange's live order book. That makes it misleading to label the whole company simply 'ECN', 'STP' or 'DMA'. The execution model depends on product and platform, while the client still trades under the contractual framework of the FP Markets entity that issued the account.

FP Markets should be contacted through the official contact page, live chat, client portal or the local entity contact details shown during onboarding.

Because FP Markets clone/impersonation warnings have existed in the market, verify the domain and entity before using any phone number or payment instruction.

FP Markets is a group brand with several legal entities, so the relevant address depends on the account entity.

Use the registered office and regulator for the entity in the client agreement when sending formal notices or complaints.

FP Markets offers support through live chat, the client portal, contact-form routes and regional phone/email channels.

For withdrawal issues, include payment method, amount, currency, date, account number and proof that the receiving account is in the same name.

FP Markets provides a broad education and trading-tools set for forex/CFD traders.

The highest-value learning path is: demo account first, then spreads/commission comparison, then margin and withdrawal mechanics, before considering copy trading or MAM/PAMM exposure.

FP Markets does not need to hedge every client trade one-for-one to offer a legitimate execution service. Its model is usually described around ECN-style/no-dealing-desk access, liquidity and platform execution, but the legal product is still normally a CFD or leveraged derivative with the relevant FP Markets entity.

Visitors should compare execution quality, slippage, spreads, commission and regulator protection rather than relying on a single “ECN” label.

No. FP Markets is available in many countries, but not everyone is eligible. Its current global disclosures exclude residents of a number of jurisdictions, including the United States and countries subject to FATF or EU/UN sanctions restrictions; the exact restricted-country list can change.

Applicants must also pass KYC/AML checks and, in regulated jurisdictions, may need to complete an appropriateness or knowledge assessment. Australian applicants, for example, can be asked about their knowledge and experience with leveraged products, and a failed assessment may require Compliance review. Age, residency, sanctions status, source-of-funds checks and local product rules can therefore prevent an otherwise valid applicant from opening an account.

FP Markets is best suited to self-directed forex and CFD traders who value third-party platforms and low Raw-account pricing. Active FX traders, scalpers and algorithmic traders can use Raw spreads from 0.0 pips, MT4/MT5 or cTrader, Expert Advisors and VPS support. TradingView users can connect through eligible Raw accounts, while professional money managers can use MAM/PAMM tools.

It can also suit traders who want a broad CFD catalogue: FP Markets advertises 10,000+ instruments across forex, shares, indices, metals, commodities, bonds, ETFs and digital currencies. Australian share traders may additionally value Iress/Mottai DMA access. Beginners can use a demo account and education materials, but leveraged CFDs remain high-risk and the account should not be chosen simply because the minimum opening deposit is relatively low.

FP Markets is a poor fit for investors who want long-term ownership of a simple portfolio rather than leveraged derivatives. Most of the global proposition is forex and CFD trading, so users seeking pension-style investing, unleveraged mutual funds or a conventional buy-and-hold brokerage may find a traditional securities broker more appropriate.

It is also unsuitable for residents of restricted jurisdictions, including the United States. Traders who are uncomfortable with rapid leveraged losses should avoid high leverage entirely: offshore accounts may advertise up to 1:500, whereas ASIC retail limits are much lower. Finally, anyone who requires the strongest possible statutory investor-compensation framework should check the contracting entity carefully, because protection under an ASIC/CySEC account is not the same as protection under an offshore or registration-only entity.

FP Markets does not present generic internet coupon codes as part of its core account pricing. We did not verify a universal 2026 'promo code' that every new customer can enter to reduce spreads or commissions. Third-party coupon websites therefore should not be treated as an authoritative source of FP Markets offers.

Where a local FP Markets entity runs a campaign, the offer should be visible on an official fpmarkets.com regional page with formal terms. Check eligibility, dates, withdrawal restrictions and the legal entity before participating. For regulated retail CFD accounts, inducement rules may also limit the type of bonus that can legally be offered.

The core global forex accounts are Standard and Raw. The current global account page lists Standard on MT4, MT5 and cTrader with spreads from 1.0 pip, zero separate forex commission and a US$100 minimum deposit. Raw is available on MT4, MT5, cTrader and TradingView, with spreads from 0.0 pips and a US$3 commission per standard lot per side. Both advertise minimum trade size of 0.01 lot and leverage up to 1:500 where local rules permit it.

Australia is different: ASIC retail leverage is capped at 1:30 on major forex and the Raw commission is listed as AU$3.50 per side. Australia also offers Iress and Mottai variants, generally with a higher initial funding requirement. Islamic/swap-free, demo, professional and money-manager structures are available in qualifying situations, so 'Standard versus Raw' does not describe every possible FP Markets account.

To open a live FP Markets account, start from the official fpmarkets.com site and select Start Trading. The application collects personal and contact details, residency and tax information, trading knowledge/experience and financial information, after which you select the relevant platform/account configuration. You then complete identity verification and provide supporting documents if automated verification is not sufficient.

FP Markets Australia says the application itself takes about 15 minutes; automated electronic verification can approve an application within minutes, while manual document review normally takes up to one business day. Approval is not guaranteed. Regulated entities may require an appropriateness/knowledge assessment, and the applicant must satisfy KYC, sanctions and residency rules before the account can be activated.

FP Markets offers demo accounts so users can practise on supported platforms without risking real money. The Australian FAQ says no identity documents are required simply to register the demo; login credentials are sent by email and the demo is loaded with US$100,000 in virtual funds. It remains active provided the user logs in at least once every 30 days.

A demo account is useful for testing MT4/MT5, cTrader or other supported platform workflows, order types, EAs and risk controls, but it cannot reproduce every aspect of live execution. Slippage, liquidity, psychology, funding and withdrawal procedures are materially different when real money is involved.

This question does not really apply to FP Markets. FP Markets is a retail/professional broker, not a proprietary-trading evaluation firm with a funded-account challenge and fixed 'trading objectives' that you pass or fail. There is therefore no standard 'second chance' reset comparable with a prop-firm evaluation.

Clients must instead comply with the broker's account agreement, margin requirements, market-abuse rules and platform limits. If an account is restricted or an application fails an appropriateness test, the remedy depends on the reason and legal entity; for example, the Australian FAQ says a failed knowledge assessment can be referred to Compliance for review.

Client protection depends on the entity. FP Markets Australia says client money is segregated, Australian retail clients receive negative-balance protection, and the company is a member of the Australian Financial Complaints Authority for external dispute resolution. ASIC retail product-intervention rules also cap leverage on major forex at 1:30.

The CySEC entity is a licensed Cyprus Investment Firm, which brings EU conduct rules and the protections applicable to that entity. Offshore entities differ: FP Markets' Seychelles FAQ says client funds are segregated and negative-balance protection is offered, but First Prudential Markets Limited is not a member of an investor compensation fund. Do not assume that an Australian or EU protection applies merely because the FP Markets brand is regulated somewhere in the group.

FP Markets must identify its customers before allowing live trading. The Australian entity uses electronic verification against data sources and, if that does not produce a sufficient match, asks for documentary proof. Typical manual KYC evidence is a valid government-issued photo ID plus proof of residential address such as a recent bank statement or utility bill. An Australian driver's licence showing the current address may sometimes satisfy both identity and address checks.

More complex structures require more evidence. Joint-account holders each provide identity/address evidence; companies can be asked for incorporation/shareholder information and beneficial-owner identification; trusts and SMSFs need entity documents and trustee identification. Third-party funding is prohibited in the Australian FAQ. Requirements vary by country, so the onboarding portal for the contracting entity is the final authority.

FP Markets supports a mixture of bank transfers, Visa/Mastercard cards, e-wallets and other local methods, with availability depending on entity and country. The global funding page currently lists bank wire, cards, Skrill/Neteller-style wallets, cryptocurrency funding and broker-to-broker transfers. The Australian entity additionally lists PayPal, Apple Pay, Google Pay, BPay and PayID.

Withdrawals generally have to follow anti-money-laundering 'return to source' rules. FP Markets Australia says deposited money must first be returned to the same funding source; where several methods were used, card deposits are returned first before remaining profit can be sent through an alternative permitted method. This is why the deposit options visible in one country should not be assumed to be the same withdrawal options in another.

Current global funding methods include bank wire, Mastercard/Visa, e-wallets such as Skrill and Neteller, cryptocurrency and broker-to-broker transfers. FP Markets says it offers multiple flexible funding routes and supports several funding currencies. The global FAQ lists AUD, USD, EUR, GBP, SGD, HKD, NZD, CHF, CAD, JPY, PLN, CZK and AED among accepted deposit currencies.

Local options vary. In Australia, FP Markets lists bank transfer, Visa/Mastercard, PayPal, Apple Pay, Google Pay, broker-to-broker transfer, BPay and PayID. Online methods are commonly credited instantly or within minutes, while bank transfers generally take one to three business days. FP Markets says it does not charge deposit fees, although banks, payment processors or currency conversion can still create third-party costs.

For the global Standard and Raw forex accounts, FP Markets currently lists a minimum initial deposit of US$100 or equivalent. The Australian equivalent is AU$100 for MT4, MT5, cTrader and TradingView accounts.

Iress and Mottai accounts in Australia have a higher initial funding requirement of AU$1,000 or equivalent. The minimum deposit is not the same as a sensible trading balance: leveraged positions still require sufficient free margin, and a deposit that merely satisfies the account-opening minimum can be too small for the position sizes or risk controls a trader intends to use.

FP Markets' global withdrawal page lists bank wire, Visa/Mastercard card withdrawals, cryptocurrency and supported wallets, while the exact menu in the Client Portal varies by country and by how the account was funded. Australian withdrawals can use the supported funding-source routes and are subject to return-to-source AML rules.

FP Markets Australia says it processes withdrawal requests within one business day. After processing, e-wallet receipts can be close to instant, while card and bank transfers commonly take another one to three business days depending on the receiving institution. FP Markets says it does not charge its own deposit or withdrawal fee in Australia, but intermediary bank, processor and currency-conversion fees may still apply.

Log in to the official FP Markets Client Portal, open Funding, choose Withdraw, select the trading account and an available withdrawal method, enter the amount and submit the request. FP Markets then performs its payment and compliance checks and sends confirmation when the request has been processed.

You cannot normally use withdrawals to bypass source-of-funds controls. The Australian policy requires deposited money to be returned to the same source first; profits can then be withdrawn through an available permitted method. If several deposit methods were used, the return order matters. Keep enough free margin if positions remain open, because FP Markets may reject or reduce a withdrawal that would leave the account below its margin requirement.

Yes, FP Markets provides normal withdrawal facilities for verified clients; it is not a platform where profits are locked until an arbitrary 'payout day'. The official withdrawal page provides bank, card, wallet and other supported routes, and the Australian FAQ says withdrawal requests are normally processed within one business day before the receiving bank or processor adds its own delivery time.

That does not mean every requested payment is unconditional. Withdrawals remain subject to KYC/AML, return-to-source rules, available balance and free margin, and additional checks can be triggered when payment details change. A broker's ability to process ordinary withdrawals also should not be confused with a guarantee of investment returns or protection from trading losses.

The main trading costs are spreads, Raw-account commissions and overnight financing/swaps. Globally, Standard forex pricing starts from 1.0 pip with no separate forex commission, while Raw starts from 0.0 pips and currently carries a US$3 commission per standard lot per side. In Australia the Raw commission is AU$3.50 per side. Actual spreads are variable: August 2026 data shows EUR/USD averaging 1.28 pips Standard versus 0.18 Raw before the Raw commission.

Other costs depend on product, platform and entity. Iress/DMA trading can involve brokerage, market-data or platform charges; non-base-currency activity can create conversion costs; and overnight positions can incur financing. FP Markets Australia says there is no inactivity fee, but the 2026 Saint Lucia client agreement states a US$10 monthly inactivity fee after 90 days of defined inactivity when funds remain. Always use the fee schedule attached to your legal entity, not a global summary alone.

FP Markets' global product menu covers CFDs on forex, shares, metals, commodities, indices, digital currencies, ETFs and bonds. The broker advertises more than 10,000 financial instruments overall and more than 70 major, minor and exotic currency pairs.

Examples confirmed on the current product page include EUR/USD, GBP/USD and AUD/USD in forex; major listed-company share CFDs; gold, silver and platinum; energy and agricultural commodities; major equity indices such as the S&P 500 and Nasdaq 100; UK long-term gilts and US 10-year Treasury-note exposure; ETFs; and cryptocurrency CFDs including Bitcoin and Ethereum. Availability and leverage differ by entity and platform, and some markets are CFD exposure rather than ownership of the underlying asset.

FP Markets supports MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader and mobile trading. Its own account page currently makes TradingView available with the Raw account, while MT4, MT5 and cTrader are supported across the core Standard/Raw structure. The platforms support charting, automated trading and mobile access, with exact instrument coverage varying by platform.

For Australian clients, FP Markets also offers Iress and Mottai for DMA/share-market access. This is a materially different proposition from MetaTrader CFD trading and can come with separate data/brokerage arrangements. A trader should therefore choose the account and platform together rather than assuming every FP Markets instrument appears identically on every terminal.

FP Markets advertises 10,000+ instruments across seven broad asset classes: forex, shares, metals, commodities, indices, digital currencies, ETFs and bonds. Forex coverage exceeds 70 pairs and includes majors, minors and exotics. Share-CFD breadth is the main reason the total instrument count is so high.

The Raw account has the broadest listed core set, including forex, metals, indices, commodities, stocks and digital currencies; the product site also covers bonds and ETFs. Product availability is jurisdiction- and platform-dependent. Australian retail clients, for example, have a different leverage framework and some instrument/platform combinations from clients of offshore entities.

FP Markets does not ask retail clients to choose a physical 'server' in the sense of selecting a data centre manually. Platform login credentials connect the account to the appropriate FP Markets trading server for that account and entity.

For its current MT5 offering FP Markets states that low-latency execution is delivered from an Equinix LD4 server cluster. Older reviews often cite NY4 as if it were the universal FP Markets server location, but current infrastructure references can vary by platform and region. The practical measure for traders is the server shown in their platform login plus observed latency from their own location; VPS users can then choose hosting close to that endpoint.

Base currencies depend on entity and account type, so deposit currencies should not be confused with account base currencies. The global FAQ lists a broad set of accepted funding currencies including AUD, USD, EUR, GBP, SGD, HKD, NZD, CHF, CAD, JPY, PLN, CZK and AED.

For the Australian entity, the current FAQ is more specific and states that trading accounts are available in AUD and USD base currencies. A client funding an account in a different currency may therefore incur conversion. Check the base-currency choices shown in the account-opening portal for your own legal entity before depositing, because older third-party lists can mix funding currencies with actual account-denomination options.

Yes. FP Markets offers cryptocurrency CFDs in jurisdictions where those products are permitted. The current product pages explicitly identify Bitcoin, Ethereum, Ripple/XRP, Bitcoin Cash and Litecoin, and also reference additional altcoins. These are leveraged derivatives: you speculate on price movement and do not receive coins into a blockchain wallet.

Crypto availability and leverage are entity-specific. The Australian professional-account comparison, for example, shows 1:2 retail leverage for crypto versus up to 1:5 for qualifying professional clients. Offshore product pages can differ. FP Markets advertises 24/5 digital-currency CFD trading rather than a 24/7 spot-crypto exchange, so weekend availability should not be assumed.

Leverage depends on entity, client classification and instrument. On the global Standard and Raw account pages FP Markets advertises maximum leverage up to 1:500, and the global FAQ says selectable leverage can range from 1:1 to 1:500 depending on the instrument and preference.

That headline does not apply to regulated retail accounts everywhere. Australian retail accounts are capped at 1:30 on major forex, with lower limits on several other asset classes; qualifying professional clients can receive higher limits. Crypto is much lower than forex even for many professional structures. Check the margin specification for the exact symbol and legal entity rather than treating 1:500 as a universal setting.

Leverage changes are subject to the limits of the legal entity, product and client classification. FP Markets' global FAQ says leverage is offered from 1:1 up to 1:500 where permitted. In practice, eligible clients can request or select a lower/higher setting through their account management process, but the broker cannot override regulatory caps simply because a client asks for more leverage.

Australian retail clients, for example, cannot turn a major-FX account from 1:30 into 1:500 while remaining an ordinary retail client. Higher leverage requires qualifying for the relevant professional/wholesale classification where available, which also changes important retail protections. If the desired level is not visible in the Client Portal, contact support for the entity shown on your account agreement.

FP Markets uses variable spreads. Standard accounts start from 1.0 pip with the broker's trading charge built into the spread, while Raw accounts can reach 0.0 pips and add a per-lot commission. 'From 0.0' is a minimum, not the spread a trader should expect all day.

FP Markets publishes monthly average data. For August 2026, EUR/USD averaged 1.28 pips on Standard and 0.18 pips on Raw, with a Raw minimum of 0.0. AUD/USD averaged 1.48 Standard and 0.38 Raw. Raw trading cost therefore needs to combine the observed spread with the current commission (US$3 per lot per side on the global Raw account), while Standard cost is primarily embedded in the wider spread.

Yes. FP Markets offers both MAM (Multi-Account Manager) and PAMM (Percentage Allocation Money Management) structures for eligible money managers and investors. MAM lets a manager execute trades across linked sub-accounts, while PAMM allocates results among investors based on their agreed allocation.

The current FP Markets MAM/PAMM material says the service can use MT4/MT5, supports real-time monitoring and performance-fee/commission structures, and is aimed at professional money managers as well as investors who delegate trading. This is not a guaranteed-return product: investors remain exposed to the manager's trading losses, and eligibility and legal terms vary by jurisdiction.

Yes. FP Markets explicitly allows Expert Advisors on MetaTrader accounts. Its current MT5 page describes trading conditions optimised for scalping and EAs, and the global FAQ says there are no general restrictions on using an EA on the trading account.

There are still operational limits: the FAQ notes a maximum of 10,000 account 'movements' in a 24-hour period, including opening/closing trades, pending orders and modifications. Automated traders should also account for VPS latency, spread expansion, slippage, margin and the fact that a strategy tested on demo data may behave differently in live market conditions.

Yes. FP Markets currently offers a Social Trading service that lets clients browse trader strategies, choose a strategy, set an allocation/risk level and automatically replicate trades. The broker says users can copy multiple strategies and stop copying at any time, while strategy profiles include historical performance and risk information.

Copy trading does not remove market risk or manager risk. Historical returns do not guarantee future results, and copied positions can still be affected by execution differences, leverage and drawdowns. FP Markets also offers MAM/PAMM structures for more formal managed-account arrangements, which are distinct from the retail social-trading interface.